Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Granger Drive Pinehurst, NC 28374

    View on Map
    Claim this Listing
    New
    For Sale
    $395,000

    LAND - Pinehurst, NC

    Lot size:
    0.96 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 25 at 10:06 am

    Property Features for Granger Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R MF
    Standard status
    Active
    APN
    20090256
    Lot size
    0.96 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Fairwoods Estates LOT 13G

    We can help!

    Listing Contact
    Lin Hutaff
    Lin Hutaff

    Listing agent Lin Hutaff License #258431

    Listing office Lin Hutaff's Pinehurst Realty Group 25 Chinquapin Rd, Pinehurst, NC

    Listing date Apr 24, 2026

    MLS# 100569543 Listing URL

    Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Fairwoods on 7

    This building lot is located in Fairwoods on 7. It offers immediate golf Signature membership to Courses 1-9 with no wait time. As one of the last available building lots in ''No 7'', a gated community featuring custom-designed homes, it is situated around Rees Jones' Pinehurst No. 7 course. Fairwoods on 7 includes its own member clubhouse and homes bordering the Pinehurst No 7 course, the Pinehurst No 4 course, and the Donald Ross-designed Pinehurst No. 2, the site of multiple U. S. Opens and the upcoming 2029 U.S. Open. Residents can use golf carts to access the first tee of Pinehurst Courses 1-5, Course 7, Pinehurst Country Club's amenities, and the Village of Pinehurst, a National Historic Landmark, with boutiques, pubs, and year-round events. The nearly 1-acre gently sloping lot borders hole No 8 of the Pinehurst No. 7 course. Pinehurst CC membership is available for transfer at a reduced rate, with the buyer responsible for prevailing fees. The lot size is 0.96 acres. The property's zoning is R MF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Pinehurst
    County
    Moore
    State
    North Carolina
    Longitude
    -79.446496
    Latitude
    35.182701

    Nearby Similar for Sale

    • $3,500,000
      5,227 SF

      Turnkey Restaurant Building in Pinehurst

      Fully renovated commercial building ideal for restaurant or hospitality concept.
      38 Chinquapin Road, Pinehurst, NC 28374
      View Details
    • $600,000

      Land in Forest Creek Golf

      2+ acre homesite in prestigious gated golf community.
      27 Birkdale Way lot: 1209, Pinehurst, NC 28374
      View Details
    • $739,000

      Pinewild Lakefront Homesite Opportunity

      Rare 0.95-acre lakefront homesite in Pinewild Country Club.
      13 Abington Drive, Pinehurst, NC 28374
      View Details
    • $739,000

      Lakefront Homesite in Pinewild

      Rare 0.95-acre lakefront homesite in Pinewild Country Club.
      13 Abington Drive lot: 1002, Pinehurst, NC 28374
      View Details
    • $399,000

      Pinehurst Land Opportunity

      Interior lot in Forest Creek, Pinehurst, North Carolina.
      112 Brookfield Drive lot: 652, Pinehurst, NC 28374
      View Details
    • $950,000

      CCNC Estate Homesite Opportunity

      Rare 10+ acre homesite in prestigious gated community.
      825 Lake Dornoch Drive, Pinehurst, NC 28374
      View Details
    • $495,000

      Golf Front Home Lot

      Residential land with golf course views in Pinehurst, North Carolina.
      11 Wicker Sham Court W lot: 1631, Pinehurst, NC 28374
      View Details
    • $399,000

      Pinehurst Golf View Homesite

      Premier homesite with championship golf and water views in Pinehurst.
      65 Westlake Road lot: 322, Pinehurst, NC 28374
      View Details
    • $105,000

      Pinehurst Buildable Land For Sale

      0.268 acre buildable lot in Pinehurst No. 6.
      22 Aronimink Lane lot: 227, Pinehurst, NC 28374
      View Details
    • $595,000

      Pinehurst Land in Gated Community

      Residential lot in Forest Creek Golf Club, Pinehurst, North Carolina.
      20 Middlebury Road lot: 1510, Pinehurst, NC 28374
      View Details
    • $225,000

      Vacant Lot in Premier Golf

      Build your dream home in Pinehurst's premier golf community.
      8 Heather Lane lot: 209, Pinehurst, NC 28374
      View Details
    • $349,000

      Pinehurst Golf Club Premier Lot

      Premier 0.90-acre lot in Forest Creek Golf Club, Pinehurst.
      1 Kenilwood Court, Pinehurst, NC 28374
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Building lot near Pinehurst No. 7 golf course.
    Where is this residential land & home lot located?
    The property is located at Granger Drive Pinehurst, NC.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Immediate golf Signature membership Courses 1‑9 with NO WAIT TIME.; Building lot in gated community of custom homes on Pinehurst No. 7 course.; Borders hole No 8 of the Pinehurst No. 7 course.
    (910) 528-6427
    We can help!
    Listing Contact
    Lin Hutaff
    Lin Hutaff
    Real Estate License ID: 258431
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!